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Sonal Adhesives Ltd. Stock Analysis

Small Cap
Evaluated by 54 users | BSE: 526901 | NSE: |
Plastic Products
Sonal Adhesives, established in 1991 is a leading manufacturer in India specializing in the manufacture of synthetic (plastic) ropes and OPP self adhesive tapes. With three factories and subsidiary companies, the company has about 12 years’ experience in the production of plastic...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 3.53%6.16%11.16%8.92%11.93%6.51%-8.94%-11.13%-17.64%-5.65%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 3341.350.258.456.943.324.427.243.737.4
Y-o-Y Gr. Rt.-25.1%21.7%16.1%-2.5%-23.9%-43.5%11.3%60.6%-14.4%
Adjusted EPS (Rs.) 0.090.581.661.022.02-0.11-4.87-4.79-6.55-2.21
Y-o-Y Gr. Rt.-544.4%186.2%-38.6%98%-105.5%NANANANA
Book Value per Share (Rs.) 13.1813.3913.5914.4115.415.9611.616.510.28-1.39
Adjusted Net Profit 0.10.410.61.2-0.1-3-2.9-4-1.3
Net Op. Cash Flow (Rs. Cr.) -0.2-2.51.93.12.4-6.22.10.20.7-3.8
Debt to Cash Flow from Ops -43.45-3.86.455.36.02-4.049.798.3431.15-6.39
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Sonal Adhesives Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 1.4%-8.1%15.2%-14.4%
Adjusted EPS -242.7%-201.8%NANA
Book Value per Share -177.9-161.8-149.3-596.4
Share Price 2.8% -2.6% -3.4% 45.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 0.714.412.337.2713.58-0.71-35.35-52.82-192.84398.23
Operating Profit Margin (%) 1.573.435.795.047.747.3-14-12.46-7.03-2.58
Net Profit Margin (%) 0.170.862.011.062.16-0.15-12.08-10.67-9.09-3.58
Debt to Equity 1.041.191.491.861.572.572.915.2118.86-28.68
Working Capital Days 213183174177191268443328181213
Cash Conversion Cycle 79777862611312571546863
Entity Percentage Holding
Promoters 62.71%
Non-Institutions 37.29%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Sonal Adhesives Ltd.'s performance infers:

Sonal Adhesives Ltd. earnings have declined by -201.8%, whereas share price has depreciated -2.6% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Sonal Adhesives Ltd. share prices over the last 10 years. Here is what we found out:

Sonal Adhesives Ltd. share price has depreciated -3.2% annually over the past ten years.

Sonal Adhesives, established in 1991 is a leading manufacturer in India specializing in the manufacture of synthetic (plastic) ropes and OPP self adhesive tapes. With three factories and subsidiary companies, the company has about 12 years’ experience in the production of plastic ropes, OPP Self Adhesive Tapes and Acrylic adhesives. State of the art equipment and a well committed team of qualified personnel contribute to the high quality of their products. Their 'SONAL'

Sonal Adhesives, established in 1991 is a leading manufacturer in India specializing in the manufacture of synthetic (plastic) ropes and OPP self adhesive tapes. With three factories and subsidiary companies, the company has about 12 years’ experience in the production of plastic ropes, OPP Self Adhesive Tapes and Acrylic adhesives. State of the art equipment and a well committed team of qualified personnel contribute to the high quality of their products. Their 'SONAL' brand is well known in India. Their sister concern, Sonal Impex Limited is a Government of India recognized Export House since 1980. More than 80% of their products are exported to the Middle East, United Kingdom, USA, Gulf and Africa. They are well accepted for excellent quality as well as the competitive price.

It is one of the largest manufacturers of the Self Adhesive Tapes in India, using the latest machines and technology with installed capacity of 5 million square meters. There are two manufacturing units, one situated in Khopoli and the other at Silvassa. The quality is internationally accepted as 50% of the goods are exported to countries like UK, USA, UAE and Australia under the brand name SONAL. In India the marketing is looked after by seven branch offices and a wide dealer network 

Sonal Adhesive Tapes are manufactured from BOPP (Biaxially Oriented Polypropylene) film coated with water based acrylic adhesive. The water based acrylic is the latest advancement in adhesive technology.

  • Products manufactured by the company:

  • Ropes
  • Twine
  • Self adhesive tapes
  • Adhesive
  • Rope articles
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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